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Selected data for Cullumber Corporation are as follows: 2021 2020 Net credit sales $688,800 $534,000 Cost of goods sold 430,500 326,000 Inventory at the
Selected data for Cullumber Corporation are as follows: 2021 2020 Net credit sales $688,800 $534,000 Cost of goods sold 430,500 326,000 Inventory at the end of year 78,000 99,000 Accounts receivable at end of year 104,000 64,000 (a) Your answer is incorrect. Compute gross profit percentage for 2021. Gross profit percentage % do
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